🚨 Key Levels to Watch:
🔴 Support Zone: The chart indicates a breakdown below 17,600 could trigger a bearish move toward the potential downside targets:
👉 17,300 ➡️ 16,800 ➡️ 16,110
📈 Invalidation Point: If prices cross 18,450, the bearish outlook is invalidated, and a new bullish trend may emerge.
💡 Technical Analysis Insights:
The chart highlights a clear ascending trendline. A breakdown from this trendline combined with lower volume support might intensify selling pressure. The Fibonacci retracement levels align perfectly with the potential target zones, offering confluence for the next move.
⚠️ Pro Tip: Watch for volume confirmation if price dips below 17,600 for potential short setups. If prices stabilize above 18,450, shift your strategy accordingly.
📍 Are you ready for the next big move? 📉 or 📈? Let us know your take on Dixon Technologies in the comments! 🚀
🔴 Support Zone: The chart indicates a breakdown below 17,600 could trigger a bearish move toward the potential downside targets:
👉 17,300 ➡️ 16,800 ➡️ 16,110
📈 Invalidation Point: If prices cross 18,450, the bearish outlook is invalidated, and a new bullish trend may emerge.
💡 Technical Analysis Insights:
The chart highlights a clear ascending trendline. A breakdown from this trendline combined with lower volume support might intensify selling pressure. The Fibonacci retracement levels align perfectly with the potential target zones, offering confluence for the next move.
⚠️ Pro Tip: Watch for volume confirmation if price dips below 17,600 for potential short setups. If prices stabilize above 18,450, shift your strategy accordingly.
📍 Are you ready for the next big move? 📉 or 📈? Let us know your take on Dixon Technologies in the comments! 🚀
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.